Are Things Looking Up For CubeSmart (NYSE: CUBE)?

After Hours

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Industrial industry segment. The current market capitalization of CubeSmart is $11.73B. A total of 1.52 million shares were traded on the day, compared to an average of 1.22M shares.

In the most recent transaction, Schulte Jennifer sold 15,942 shares of CUBE for 52.56 per share on Sep 11 ’24. After the transaction, the Chief Human Resources Officer now owns 10,847 company shares. In a previous transaction on Sep 13 ’24, DeNarie Matthew D sold 868 shares at 53.64 per share. CUBE shares that Chief Accounting Officer owns now total 17,081.

Among the insiders who bought shares, Schulte Jennifer acquired of 15,942 shares on Sep 11 ’24 at a per-share price of $53.52. In another insider transaction, MARTIN TIMOTHY M sold 30,765 shares at $49.02 per share on Aug 14 ’24. Company shares held by the CFO now total 306,982.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. CubeSmart pays an annual dividend of $2.53, resulting in a dividend yield of 4.86%, and it has a price to earnings (P/E) ratio of 29.19. CUBE’s most recent ex-dividend date was 10/1/2024 when it declared a $0.51 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 7/1/2024. The CUBE stock dividend was $0.51 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CUBE has a high of $55.14 and a low of $33.17.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CUBE’s latest balance sheet shows that the firm has $11.14M in Cash & Short Term Investments as of fiscal 2021. There were $3.21B in debt and $546.95M in liabilities at the time. Its Book Value Per Share was $12.30, while its Total Shareholder’s Equity was $3.00B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CUBE is Buy with a score of 3.25.

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